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Poilievre grills Trudeau on interest rate hike, PM defends “rental and dental” support

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Speaking during question period on Wednesday, Conservative leader Pierre Poilievre and Conservative MP Adam Chambers pressed Prime Minister Justin Trudeau on Liberal measures against inflation, referencing the Bank of Canada’s sixth interest rate hike of the year.

“Today, rates went up another half point, meaning many families will be handing their keys to the bank because they won’t be able to afford those bills,” Poilievre said. “Has the Prime Minister been briefed by his officials on how many Canadians will lose their homes because of the higher interest rates the inflationary rates have caused?”

Trudeau defended the government’s economic policies with the GST tax relief, senior dental care and low-income renter support amid global rising inflation rates, in turn asking why Conservatives are not supporting Canadians on "rental and dental.”

“We’re going to continue to make sure that we have the capacity to respond if the economic situation worsens for Canadians in the coming months,” Trudeau said.

For more info, please go to https://globalnews.ca/news/9226992/bank-of-canada-interest-rate-oct-2022/

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Category
U.S. & Canada
Tags
global news, Economy, inflation
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